Published Market Report | US Photodynamic Therapy Market Analysis, Industry Trends, Market Share, and Forecast, 2023-2030

The US photodynamic therapy market is expected to reach US$ 542.5 million by 2030, with an annual growth rate of more than 8.8%

US Photodynamic Therapy Market value is estimated at US$ 299.7 million in 2023 and is expected to grow at a significant CAGR of over 8.8% over the forecast period of 2023-2030, according to the latest market report by RationalStat

Market Definition, Market Scope, and Report Overview

Photodynamic Therapy (PDT) is a medical treatment that uses a photosensitizing agent and light source to treat various conditions, including certain types of cancers and certain skin conditions.
The activated photosensitizer reacts with oxygen molecules in the target cells, producing reactive oxygen species (ROS). These ROS are highly reactive and cause damage to the targeted cells, leading to cell death or destruction of abnormal tissue.

• According to a deep-dive market assessment by RationalStat, the US Photodynamic Therapy market has been analyzed on the basis of market segments, including product type, application, end user and geography/regions (including West US, Midwest US, Northeast US, South US). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the US Photodynamic Therapy market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the US Photodynamic Therapy market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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US Photodynamic Therapy Market: Segmental and Market Share Analysis

• On the basis of end user, hospital segment is driven by the rise in demand for minimally invasive treatments increase in awareness about the antitumor effects of PDT.
Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 299.7 million
Market Size Forecast US$ 542.5 million
Growth Rate 8.8%
Dominant Segment Hospital

Key Market Drivers
• Rising prevalence of skin diseases
• Increasing incidence of cancer augmenting PDT treatment

Companies Profiled
• Galderma Laboratories, L.P.
• Biofrontera AG
• Excel Lasers Limited
• LUMIBIRD Group
• Modulight Corporation
• Quest Pharma Tech, Inc.
• Theralase Technologies Inc.
• SUS Advancing Technology Co. Ltd.

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the US photodynamic therapy market include,

• In April 2021, Lumeda, Inc., a medical technology startup developing photodynamic therapy (PDT) as an intraoperative adjuvant therapy for patients undergoing lung cancer surgery, completed its series A investment round.

Some of the prominent players and suppliers operating and contributing significantly to the US Photodynamic Therapy market growth include Galderma Laboratories, L.P., Biofrontera AG, Excel Lasers Limited, LUMIBIRD Group, Modulight Corporation, Quest Pharma Tech, Inc., Theralase Technologies Inc., and SUS Advancing Technology Co. Ltd., among others.

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RationalStat has segmented the US Photodynamic Therapy market based on product type, application, end user and region
• US Photodynamic Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product Type
o Photosensitizer Drugs
o Porphyrin Derivative (PD)
o Aminolevulinic Acid (ALA)
o Chlorines
o Others
• US Photodynamic Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
o Cancer
o Actinic Keratosis (AK)
o Psoriasis
o Acne
• US Photodynamic Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
o Hospitals
o C&DC
o CCC
• US Photodynamic Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o US Photodynamic Therapy Market
 West US Photodynamic Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Key Segments
 Midwest US Photodynamic Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Key Segments
 Northeast US Photodynamic Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Key Segments
 South US Photodynamic Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Key Segments

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Key Questions Answered in the Photodynamic Therapy Report:
• What will be the market value of the US Photodynamic Therapy market by 2030?
• What is the market size of the US Photodynamic Therapy market?
• What are the market drivers of the US Photodynamic Therapy market?
• What are the key trends in the US Photodynamic Therapy market?
• Which is the leading region in the US Photodynamic Therapy market?
• What are the major companies operating in the US Photodynamic Therapy market?
• What are the market shares by key segments in the US Photodynamic Therapy market?

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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